Egyptian-Chinese Consortium to Build Ain Sokhna-Alamein Railway

An Egyptian-Chinese consortium has won a USD 9 bn (EGP 142.19 bn) tender for the design, finance, and operation of a high-speed rail, linking Ain Sokhna and New Alamein, with a speed of 250 kilometers per hour.

EIB Eyes EUR 90 mn Loan to Refine Tanta-Damietta Railway

The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.

ADFD Invests USD 140 mn to Develop High-Speed Moroccan Rail Project

Abu Dhabi Fund for Development (ADFD) has bolstered the development of a major high-speed rail network in Morocco that connects the major cities of Tangier and Casablanca with investments worth USD 140 mn

Egypt Railways Inks Deal for 1,300 Train Carriages

Egyptian National Railways (ENR) has inked a deal with the Russian-Hungarian consortium Transmashholding-Hungary worth EGP 22 bn to import and manufacture 1,300 passenger carriages in Egypt

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